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IFRIC meeting for January 2009 is cancelled

  • IFRIC (International Financial Reporting Interpretations Committee) (blue) Image

07 Dec 2008

The IASB has announced that the meeting of the International Financial Reporting Interpretations Committee (IFRIC) scheduled for 8 and 9 January 2009 has been cancelled. Because of IFRIC's recent progress, there were not sufficient agenda items for the IFRIC to consider to warrant a meeting.

Regarding items discussed at IFRIC's November 2008 meeting, the announcement said:

A near-final draft based on Interpretation D24 Transfers of Assets from Customers (formerly 'Customer Contributions') will be posted for comment on the IASB's website by the end of the week commencing 8 December.

Regarding IFRIC's project on the treatment of voluntary prepaid contributions under a minimum finding requirement in accordance with IFRIC 14, the staff will present the proposed amendment to the Board at its January meeting. The proposed amendment approved by the Board will also be discussed with the Pensions Working Group at its meeting in January.

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